Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Corker Joins Senate Dems’ Calls to Reject House GOP Trust-Fund Proposal
Senate Democratic leaders are getting help from Tennessee Republican Bob Corker in calling on colleagues to oppose a House Republican bill that would provide a short-term boost for the cash-strapped Highway Trust Fund, limiting the bill’s chances of passing the Senate.
Truckload Turnover Holds Over 90% in First Quarter
Turnover at large truckload carriers rose slightly to 92% in the first quarter, holding above 90% for the ninth straight quarter, American Trucking Associations reported July 9.
Cummins Appoints New President
Rich Freeland has been promoted to president and chief operating officer at Cummins Inc.
July 9, 2014SkyBitz Sees Analytics, Benchmarking as Next Steps for Trailer Tracking
Trailer-tracking provider SkyBitz is expanding its data analytics and benchmarking capabilities as demand for the technology grows, company officials said July 8 during an editorial forum with Transport Topics..
Mississippi Trucking Association Hires Hal Miller as President
Hal Miller III, a fleet manager with 31 years of experience, will be the next president of the Mississippi Trucking Association, the group said.
July 9, 2014House Panel to Consider Short-Term Trust Fund Fix July 10
The leaders of the tax-writing committee in the House scheduled a hearing July 10 to consider a bill that would keep a cash-strapped highway account solvent for several months.
Diesel Dips 0.7¢ to $3.913 a Gallon; Gasoline Slides 2.6¢ to $3.678
Diesel dipped 0.7 cent to $3.913 a gallon, while gasoline slid 2.6 cents to $3.678, the first declines for both fuels in three weeks, the Department of Energy reported July 7.
July 8, 2014Los Angeles Port Truckers Strike to Join Union, Spokeswoman Says
The ports of Los Angeles and Long Beach, the busiest U.S. trade complex, were struck by about 120 truck drivers protesting low wages and their employers’ refusal to let them join a union, a spokeswoman said.
July 8, 2014Pegasus TransTech Releases New Mobile App
Pegasus TransTech has released a new smart phone application that drivers can use to accept loads, receive and send messages to their fleets and scan documents.
July 8, 2014Lineage Logistics Acquires Two California Cold-Storage Facilities
Lineage Logistics said it has acquired two cold-storage facilities in Santa Cruz County, California, from Dreisbach Enterprises. Terms were not disclosed.
July 8, 2014